- The Swedish Krona rallied, extending gains from the previous session as investors digested yesterdays better-than-expected manufacturing PMI figures.
- EUR/SEK trades 0.2 percent down at 10.6465, having hit a high of 10.6915 on Monday, its highest since November 21.
- Technical indicators are bearish: RSI pointing south and Stochs have rolled over from overbought levels.
- Immediate resistance is located at 10.6835, any close above could take it near 10.6927.
- On the lower side, support is seen at 10.6271 (5-DMA), break below could take it till 10.6203 (7-EMA)
Recommendation: Good to sell on rallies around 10.6620, with stop loss of 10.6750 and target price at 10.6271
